Fort Smith, AR


Highest Appreciating Fort Smith Neighborhoods Since 2000

Fort Smith, AR Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Fort Smith Housing Market Information

With a population of 88,194, 34,780 total housing units (homes and apartments), and a median house value of $98,961, house prices in Fort Smith are solidly below the national average.

Single-family detached homes are the single most common housing type in Fort Smith, accounting for 64.34% of the city's housing units. Other types of housing that are prevalent in Fort Smith include large apartment complexes or high rise apartments ( 17.74%), duplexes, homes converted to apartments or other small apartment buildings ( 13.76%), and a few row houses and other attached homes ( 3.47%).

The most prevalent building size and type in Fort Smith are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.80% owning and 48.20% renting.

There is a lot of housing in Fort Smith built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Fort Smith built between 1940-1969 ( 34.11%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.65%). There's also some housing in Fort Smith built before 1939 ( 5.70%).

Vacant housing appears to be an issue in Fort Smith. Fully 11.75% of the housing stock is classified as vacant. Left unchecked, vacant Fort Smith homes and apartments can be a drag on the real estate market, holding Fort Smith real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Fort Smith Home Appreciation Rates

Real estate appreciation rates in Fort Smith's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.06% during the period.

Over the last year, Fort Smith appreciation rates have trailed the rest of the nation. In the last twelve months, Fort Smith's appreciation rate has been 2.15%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fort Smith were at -3.22%, which equates to an annual appreciation rate of -12.26%.

Notably, Fort Smith's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Arkansas, our data show that Fort Smith's latest annual appreciation rate is higher than 50% of the other cities and towns in Arkansas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Fort Smith differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fort Smith - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Fort Smith real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,062,000 0.2
$796,001 - $1,062,000 0.5
$531,001 - $796,000 1.5
$425,001 - $531,000 0.9
$318,001 - $425,000 2.3
$213,001 - $318,000 8.9
$106,001 - $213,000 33.3
$53,001 - $106,000 42.9
$0 - $53,000 9.5

Average for AR
Low for Nation

Value Relative to Nation Value Relative to State
79.2142397095849 45.4225352112676

Number Of Homes And Apartments:

Fort Smith Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
27.49% 1.40% 2 3
* 10 is highest

Rent & Ownership


Average Market Rent:
$804 / per month

Homeownership Rate

Owners 51.80
Renters 48.20
Vacant 11.75

Housing Market Details


Age of Homes

2000 or Newer 12.7
1970 - 1999 47.5
1940 - 1969 34.1
1939 or Older 5.7

Types of Homes

Single-Family 64.3
Townhomes 3.5
Small Apt. Buildings 13.8
Apt. Complexes 17.7
Mobile Homes 0.6
Other 0.1

Home Size

No Bedroom 2.36
1 Bedroom 12.50
2 Bedrooms 28.90
3 Bedrooms 43.57
4 Bedrooms 11.01
5 or more bedrooms 1.66